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International Migration Responses to Natural Disasters : Evidence from Modern Europe's Deadliest Earthquake
Spitzer, Yannay - 2020
The Messina-Reggio Calabria Earthquake (1908) was the deadliest earthquake and arguably the most devastating natural … evidence that the earthquake had, on average, a large impact on emigration or its composition. There were, however …
Persistent link: https://www.econbiz.de/10012481361
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The Impact of a Government Risk Pool and an Opt-Out Framing on Demand for Earthquake Protection
Kunreuther, Howard; Conell-Price, Lynn; Kovacs, Paul; … - National Bureau of Economic Research - 2021
earthquake protection in Quebec and British Columbia is influenced by the default option and the structure of the insurance plan …. Homeowners in both provinces were given the opportunity to purchase protection against earthquake losses when presented with one … pool rather than the current private insurance plan increases the likelihood of purchasing earthquake protection by 151 …
Persistent link: https://www.econbiz.de/10012616592
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COVID-19 and The Macroeconomic Effects of Costly Disasters
Ludvigson, Sydney C. - 2020
The outbreak of COVID-19 has significantly disrupted the economy. This paper attempts to quantify the macroeconomic impact of costly and deadly disasters in recent US history, and to translate these estimates into an analysis of the likely impact of COVID-19. A costly disaster series is...
Persistent link: https://www.econbiz.de/10012481943
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Mitigating Disaster Risks to Sustain Growth
Hong, Harrison - 2020
We provide the planner's solution to a model where households learn from exogenous natural disaster arrivals about arrival rates and spend to mitigate future damages. Mitigation cannot be decentralized due to positive externalities from curtailing aggregate risks. First-best can be implemented...
Persistent link: https://www.econbiz.de/10012482023
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Mandated vs. Voluntary Adaptation to Natural Disasters : The Case of U.S. Wildfires
Baylis, Patrick W.; Boomhower, Judson - National Bureau of Economic Research - 2021
across jurisdictions and vintages reveal remarkable resilience effects of building codes initially prompted by the deadly …
Persistent link: https://www.econbiz.de/10012794648
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The Causal Effect of Environmental Catastrophe on Long-Run Economic Growth : Evidence From 6,700 Cyclones
Hsiang, Solomon M. - 2014
Does the environment have a causal effect on economic development? Using meteorological data, we reconstruct every country's exposure to the universe of tropical cyclones during 1950-2008. We exploit random within-country year-to-year variation in cyclone strikes to identify the causal effect of...
Persistent link: https://www.econbiz.de/10012458315
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Evaluating the Role of Insurance in Managing Risk of Future Pandemics
Kunreuther, Howard; Schupp, Jason - National Bureau of Economic Research - 2021
COVID-19 has demonstrated the challenges that policymakers, insurers, businesses, and employees face when disaster assistance programs are developed after the pandemic has already started. There is now an opportunity to design and implement effective and efficient solutions to manage the...
Persistent link: https://www.econbiz.de/10012585452
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Climate Risks and FDI
Gu, Grace Weishi; Hale, Galina - National Bureau of Economic Research - 2022
Climate-related risks have increased in recent decades, both in terms of the frequency of extreme weather events (physical risk) and implementation of climate-change mitigation policies (transition risk). This paper explores whether multinational firms react to such risks by altering their...
Persistent link: https://www.econbiz.de/10013388808
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The Psychosocial Effects of the Flint Water Crisis on School-Age Children
Trejo, Sam; Yeomans-Maldonado, Gloria; Jacob, Brian Aaron - National Bureau of Economic Research - 2021
Lead poisoning has well-known impacts for the developing brain of young children, with a large literature documenting the negative effects of elevated blood lead levels on academic and behavioral outcomes. In April of 2014, the municipal water source in Flint, Michigan was changed, causing lead...
Persistent link: https://www.econbiz.de/10012660019
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Structural Uncertainty and the Value of Statistical Life in the Economics of Catastrophic Climate Change
Weitzman, Martin - 2007
Using climate change as a prototype motivating example, this paper analyzes the implications of structural uncertainty for the economics of low-probability high-impact catastrophes. The paper shows that having an uncertain multiplicative parameter, which scales or amplifies exogenous shocks and...
Persistent link: https://www.econbiz.de/10012465156